The American Fintech Council (AFC) has announced the inclusion of ComplyCo as its newest member. The AFC is an industry association that represents fintech companies and innovative banks. ComplyCo offers a platform with real-time, data-driven solutions to assist financial institutions in meeting regulatory requirements and anticipating potential challenges.
Phil Goldfeder, Chief Executive Officer of AFC, stated, “ComplyCo's data-driven compliance solutions directly support AFC's mission to promote responsible fintech innovation.” He added that their platform equips financial institutions with tools and insights for navigating today's complex regulatory environment through real-time compliance monitoring and automated reporting.
ComplyCo's platform aims to improve traditional compliance methods by offering non-technical teams real-time visibility into end-user experiences. It collects and analyzes metadata across digital channels to generate actionable reports demonstrating compliance with relevant rules and regulations. This approach facilitates proactive monitoring and strengthens relationships between banks and their fintech partners.
Dmitry Gritskevich, CEO of ComplyCo, remarked, “At ComplyCo, we believe effective compliance should be a seamless part of an organization’s operations.” He noted that their platform allows teams to gain complete visibility into compliance processes, enabling efficient operation and ease in responding to regulatory changes.
The AFC is a standards-based organization representing major financial technology companies and innovative banks providing embedded finance solutions. Its mission includes promoting a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services.
ComplyCo emphasizes the importance of having access to timely runtime data for effective compliance. The company builds tools that provide non-technical teams with real-time visibility, believing that rich data analysis is crucial for adapting to regulatory changes.